EGX ends on positive note, turnover hikes to LE 1.2B

CAIRO – 7 September 2017: The Egyptian Exchange (EGX) ended Thursday’s session in the green, boosted by Arab and foreign purchases.

The benchmark index EGX30 rose 0.86 percent to close at 13,433 points.

The small and mid-cap index EGX70 went up 0.30 percent to end at 689 points. The broader index EGX100 index also added 0.46 percent to close at 1,565 points.

Market capitalization gained LE 3.8 billion ($215 million) to reach LE 705.4 billion compared to LE 701.6 billion last session.

Turnover hiked to LE 1.2 billion, after registering LE 765.89 million Wednesday, while traded volume reached 515.89 million shares, up from 370 million shares yesterday.

Local investors were net sellers with a total of LE 79 million, respectively, while Arab and foreign traders purchased by LE 701,294 and LE 78.65 million, respectively.

The Financial Services excluding Banks led sectors in terms of traded values and volumes with LE 269 million and 189 million shares, respectively.

Minapharm Pharmaceuticals topped gainers and surged 9.99 percent, while Arab Valves Company led the worst performers and decreased 4.17 percent.